TCRLA_Public/101111.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     L A T I N   A M E R I C A

          Thursday, November 11, 2010, Vol. 11, No. 223

                            Headlines



A R G E N T I N A

CONPRET SRL: Creditors' Proofs of Debt Due December 16
CURUSAN SA: Creditors' Proofs of Debt Due December 20
FAVIKAL SA: Creditors' Proofs of Debt Due December 27
K Y S GRAPHIC: Creditors' Proofs of Debt Due December 22
LASER PRODUCTOS: Creditors' Proofs of Debt Due February 22

LES FRANCAISES: Creditors' Proofs of Debt Due December 22
LEWIS & SALE: Creditors' Proofs of Debt Due December 10
RIVADAVIA 6766: Creditors' Proofs of Debt Due December 16


B E R M U D A

COUSINS INVESTMENTS: Creditors' Proofs of Debt Due November 19
COUSINS INVESTMENTS: Members' Final Meeting Set for December 1
LSF LUX: Creditors' Proofs of Debt Due November 12
LSF LUX: Members' Final Meeting Set for December 3
LSF LUX: Creditors' Proofs of Debt Due November 12

LSF LUX: Members' Final Meeting Set for December 2
LSF6 GOLD: Creditors' Proofs of Debt Due November 17
LSF6 GOLD: Members' Final Meeting Set for December 7


B R A Z I L

AUTOVIAS SA: Moody's Assigns 'Ba1' Rating to Senior Debentures
BIC ARRENDAMENTO: Moody's Assigns 'Ba1' Rating to R$200 Mil. Bonds
* BRAZIL: State of Tocantins to Receive US$99-MM Loan From IDB


C A Y M A N  I S L A N D S

ABERDEEN GLOBAL: Shareholders' Final Meeting Set for November 26
ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
BROADLAWN MASTER: Shareholder to Hear Wind-Up Report on Nov. 22

BT MCKINLEY: Shareholders' Final Meeting Set for November 26
CAPITAL STREET: Shareholders Receive Wind-Up Report
CRESCENT MASTERSKILL: Shareholder to Hear Wind-Up Report on Dec. 2
DAGGERBOARD GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 25
HSBC ALPHA: Shareholder to Receive Wind-Up Report on November 29

INDIGO (CAYMAN): Shareholders' Final Meeting Set for November 26
INVESTCORP SILVERBACK: Shareholders' Final Meeting Set for Dec. 30
INVESTCORP SILVERBACK: Shareholders' Final Meeting Set for Dec. 30
LONG TERM: Shareholders' Final Meeting Set for December 6
MUTUAL FUND: Shareholders' Final Meeting Set for December 6

NORTHSTAR CBO: Shareholders' Final Meeting Set for November 26
SMM COMPANY: Shareholders' Final Meeting Set for November 26
TGM EQUITIES: Shareholders' Final Meeting Set for November 26
WISCONSIN HEALTH: Shareholders' Final Meeting Set for November 17
WIZARD FINANCE: Shareholders' Final Meeting Set for November 26


M E X I C O

GRUPO POSADAS: Fitch Downgrades Issuer Default Rating to 'B'
MEXICANA AIRLINES: Unions Get US$154 Million Offer to Save Company


T R I N I D A D  & T O B A G O

CL FIN'L: Republic Blanks CLICO Annuity
CL FIN'L: Credit Unions Face Collapse Due to CLICO Exposure


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars




                            - - - - -


=================
A R G E N T I N A
=================


CONPRET SRL: Creditors' Proofs of Debt Due December 16
------------------------------------------------------
The court-appointed trustee for Conpret S.R.L.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 16, 2010.

The trustee will present the validated claims in court as
individual reports on March 1, 2011.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 12, 2011.


CURUSAN SA: Creditors' Proofs of Debt Due December 20
-----------------------------------------------------
The court-appointed trustee for Curusan S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 20, 2010.

The trustee will present the validated claims in court as
individual reports on March 7, 2011.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 21, 2011.


FAVIKAL SA: Creditors' Proofs of Debt Due December 27
-----------------------------------------------------
The court-appointed trustee for Favikal S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 27, 2010.


K Y S GRAPHIC: Creditors' Proofs of Debt Due December 22
--------------------------------------------------------
Oscar Alberto Vertzman, the court-appointed trustee for K y S
Graphic SA's bankruptcy proceeding, will be verifying creditors'
proofs of claim until December 22, 2010.

Mr. Vertzman will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 3 in Buenos Aires, with the assistance of Clerk
No. 6, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Oscar Alberto Vertzman
         Bartolome Mitre 3120
         Argentina


LASER PRODUCTOS: Creditors' Proofs of Debt Due February 22
----------------------------------------------------------
Miguel Angel Drucaroff, the court-appointed trustee for Laser
Productos Exclusivos SA's bankruptcy proceeding, will be verifying
creditors' proofs of claim until February 22, 2011.

Mr. Drucaroff will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 9 in Buenos Aires, with the assistance of Clerk
No. 18, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Miguel Angel Drucaroff
         avenida Corrientes 2470
         Argentina


LES FRANCAISES: Creditors' Proofs of Debt Due December 22
---------------------------------------------------------
The court-appointed trustee for Les Francaises S.R.L.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 22, 2010.

The trustee will present the validated claims in court as
individual reports on March 7, 2011.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 19, 2011.


LEWIS & SALE: Creditors' Proofs of Debt Due December 10
-------------------------------------------------------
Manuel Alberto Cibeira, the court-appointed trustee for Lewis &
Sale Construction SRL's bankruptcy proceeding, will be verifying
creditors' proofs of claim until December 10, 2010.

Mr. Cibeira will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 6 in Buenos Aires, with the assistance of Clerk
No. 12, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Manuel Alberto Cibeira
         Avenida Cordoba 1247
         Argentina


RIVADAVIA 6766: Creditors' Proofs of Debt Due December 16
---------------------------------------------------------
The court-appointed trustee for Rivadavia 6766 S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
December 16, 2010.

The trustee will present the validated claims in court as
individual reports on March 1, 2011.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 13, 2011.


=============
B E R M U D A
=============


COUSINS INVESTMENTS: Creditors' Proofs of Debt Due November 19
--------------------------------------------------------------
The creditors of Cousins Investments, Ltd. are required to file
their proofs of debt by November 19, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 26, 2010.

The company's liquidator is:

         Kehinde A. L. George
         Crawford House, 50 Cedar Avenue
         Hamilton HM 11
         Bermuda


COUSINS INVESTMENTS: Members' Final Meeting Set for December 1
--------------------------------------------------------------
The members of Cousins Investments, Ltd. will hold their final
meeting on December 1, 2010, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 26, 2010.

The company's liquidator is:

         Kehinde A. L. George
         Crawford House, 50 Cedar Avenue
         Hamilton HM 11
         Bermuda


LSF LUX: Creditors' Proofs of Debt Due November 12
--------------------------------------------------
The creditors of LSF Lux Holdings XI, Ltd. are required to file
their proofs of debt by November 12, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


LSF LUX: Members' Final Meeting Set for December 3
--------------------------------------------------
The members of LSF Lux Holdings XI, Ltd. will hold their final
meeting on December 3, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


LSF LUX: Creditors' Proofs of Debt Due November 12
--------------------------------------------------
The creditors of LSF Lux Holdings II, Ltd. are required to file
their proofs of debt by November 12, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


LSF LUX: Members' Final Meeting Set for December 2
--------------------------------------------------
The members of LSF Lux Holdings II, Ltd. will hold their final
meeting on December 2, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


LSF6 GOLD: Creditors' Proofs of Debt Due November 17
----------------------------------------------------
The creditors of LSF6 Gold Holdings, Ltd. are required to file
their proofs of debt by November 17, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


LSF6 GOLD: Members' Final Meeting Set for December 7
----------------------------------------------------
The members of LSF6 Gold Holdings, Ltd. will hold their final
meeting on December 7, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 27, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


===========
B R A Z I L
===========


AUTOVIAS SA: Moody's Assigns 'Ba1' Rating to Senior Debentures
--------------------------------------------------------------
Moody's America Latina Ltda assigned a Ba1 rating on the global
scale and Aa2.br rating on the Brazilian National scale to the 5-
year BRL100 million second lien senior secured debentures to be
issued by Autovias S.A.  At the same time, Moody's affirmed
Autovias' issuer ratings of Ba1 on the global scale and Aa2.br on
the Brazilian national scale and the Ba1 and Aa2 ratings assigned
to BRL 405 million senior secured debentures issued by Autovias in
March 2010.  The outlook is stable for all ratings.

                        Ratings Rationale

The Ba1 issuer rating reflects the strong credit fundamentals of
Autovias as shown by growth in vehicular traffic over the past
three years and the supportive and stable regulatory environment
over the past twelve years, as well as strong credit metrics for
the rating category.  The rating is constrained by the rather
short remaining life of the concession, which expires in eight
years with little prospects for renewal or extension.

The ratings are further pressured by the risks associated with the
significant cash needs of Autovias' controlling shareholder, OHL
Brasil, which is forecasted to require sizeable dividends and
occasional inter-company loans from its state concession
subsidiaries in order to meet the large capital expenditure
requirements of its federal concession subsidiaries or to support
new investments in the Brazilian infrastructure sector.

The Ba1 and Aa2.br ratings for the proposed debentures are at the
same level of Autovias' issuer ratings to reflect the expected
repayment of this debt instrument despite its second lien rights
on the pledge of common shares.  The concessionaires' common
stocks have already been pledged to the first issuance of
debentures of Autovias in the amount of BRL405 million.

The first issuance of debentures are further guaranteed by a
security package that includes the pledge of 80% of the
concessionaire's future toll receivables and the indemnification
rights over the concession assets.  Although these structural
considerations are considered positive as they allow creditors to
quickly detect a deterioration of the company's operating
performance, those credit enhancements do not provide enough
support to justify a rating differentiation between the two
debenture issuances.

The proceeds of the debentures will be used to replace short term
debt of approximately BRL80 million and to support dividend
distributions to the parent company.  At June 30 2010, the company
reported about BRL61 million retained earnings in the balance
sheet that could be distributed to the shareholders in addition to
its regular distribution of dividends over recent earnings.

The new second lien senior secured debentures will have
restrictive financial covenants at the same level as those of the
first issuance of debentures, including the maximum amount of net
debt to 3.5 times EBITDA over the preceding twelve months and cash
coverage of short term debt obligations higher than 1.2x.  Moody's
projections indicate that coverage under these covenants will
slightly deteriorate but will remain comfortably achievable
throughout the duration of the debentures.

The existing early maturity clauses in the debentures comprise a
cross default provision with the parent company.  In the event
that OHL Brasil goes bankrupt or files for reorganization under
the Brazilian bankruptcy law, the debenture holders could call an
early maturity event and execute their rights derived from the
debentures' guarantees.

Autovias has solid credit metrics for the rating category and
recent operating performance has been above expectations.  Traffic
volumes in the first half of 2010 grew 11.6% compared with the
same period in 2009.  Toll related revenues are expected to
continue grow in the second half of 2010 driven by the
approximately 4.2% tariff increase allowed by the regulator last
June.  As a result of the additional leverage arising from the
issuance of the new second lien senior secured, the cash interest
coverage ratio is expected to deteriorate to 2.3x in the near-term
but remain around 3.0x over the next three years.  FFO to debt has
been around 30% over the last four years.  It is expected to
deteriorate in 2010 but remain above 20% over the next three
years.

The stable outlook reflects Moody's opinion that Autovias'
operational performance will be satisfactory during the remaining
life of the concession in light of strong credit fundamentals
boosted by expected growth in the Brazilian GDP.  Moody's expects
that the payment of dividends and extension of inter-company loans
are likely to continue for the next years but are expected to be
prudently managed so that credit metrics remain within the
proposed financial covenants.

The rating or the outlook could be upgraded if the company were to
steadily improve its liquidity profile and produce credit metrics
in line with historical performance so that the FFO to debt ratio
remains in the high twenties and interest coverage stays above
3.5x on a sustainable basis.

The rating or the outlook could be downgraded if there is a
significant and sustained deterioration in credit metrics so that
FFO to debt ratio falls below 20% and interest coverage ratio
remains below 2.5x for an extended period of time.  A
deterioration in the credit quality of OHL Brasil could also
prompt a downgrade rating action.

The last rating action for Autovias was on March 05, 2010, when
Moody's assigned a Ba1 rating on the global scale and Aa2.br
rating on the Brazilian National scale to the 5 to 7-year BRL405
million senior secured debentures issued by Autovias.

Moody's National Scale Ratings are intended as relative measures
of creditworthiness among debt issues and issuers within a
country, enabling market participants to better differentiate
relative risks.  NSRs differ from Moody's global scale ratings in
that they are not globally comparable with the full universe of
Moody's rated entities, but only with NSRs for other rated debt
issues and issuers within the same country.  NSRs are designated
by a ".nn" country modifier signifying the relevant country, as in
".br" for Brazil.

Autovias is a wholly-owned subsidiary of OHL Brasil, which is a
holding company with interests in the toll roads business, as it
currently has four state and five federal toll road concessions.

Autovias has a 20-year concession to operate the toll road
services of five small adjacent roads in the state of Sao Paulo,
which the state regulatory agency ARTESP granted under a single
concession in 1998.  The five roads consist of 316 kilometers and
5 toll plazas and have an estimated annual traffic of 40 million
of equivalent vehicles.  The region covered by the concession
comprises eighteen cities with an estimated population of around
1.6 million people.


BIC ARRENDAMENTO: Moody's Assigns 'Ba1' Rating to R$200 Mil. Bonds
------------------------------------------------------------------
Moody's America Latina Ltda. assigned an Aa2.br national scale
debt rating to BIC -- Arrendamento Mercantil S.A.'s proposed
fourth public issuance of subordinated, non-convertible two-year
debentures in the amount of R$200 million.

On the Global Scale, Moody's Investors Service assigned a Ba1
global local currency subordinated debt rating to the proposed
R$200 million debentures.  The outlook on all the ratings is
stable.

These ratings were assigned to BIC Leasing's R$200 million
subordinated debentures issuance:

  -- Global Local Currency Subordinated Debt Rating: Ba1, with
     stable outlook

  -- Brazilian National Scale Debt Rating: Aa2.br, with stable
     outlook

                        Ratings Rationale

The rating agency noted that subordination was taken into
consideration in the assignment of the debenture rating, in line
with Moody's notching practices.

BIC Leasing is a subsidiary of Banco Industrial e Comercial S.A.
(BICBANCO) which is rated Aa1.br on the Brazilian national scale
and Baa3 on the global local currency deposit scale.  The company
substantially relies on BICBANCO's branch network and client base
for the origination of its leasing operations, thus the leasing's
credit approval and monitoring processes are performed by the
bank.  Moody's believes that BIC Leasing is an integral part of
BICBANCO's banking operations and as such would enjoy the support
of its parent company in meeting its obligations.  BICBANCO's
direct ownership of 100% of the leasing company was also taken
into account in the assignment of the rating.

The last rating action on BIC - Arrendamento Mercantil S.A. was on
October 15, 2010, when Moody's upgraded BIC Leasing's long-term
global local currency issuer rating to Baa3 from Ba1 and Brazilian
national scale issuer rating to Aa1.br from Aa2.br.

The last rating action on BICBANCO was on October 14, 2010, when
Moody's assigned a Baa3 long-term foreign currency debt rating to
BICBANCO's US$400 million senior unsecured notes.

Moody's National Scale Ratings are intended as relative measures
of creditworthiness among debt issues and issuers within a
country, enabling market participants to better differentiate
relative risks.  NSRs differ from Moody's global scale ratings in
that they are not globally comparable with the full universe of
Moody's rated entities, but only with NSRs for other rated debt
issues and issuers within the same country.  NSRs are designated
by a ".nn" country modifier signifying the relevant country, as in
".br" for Brazil.

BIC Leasing is headquartered in Fortaleza, Cear , Brazil and
reported total assets of approximately R$568 million (US$315
million) and equity of R$98 million (US$54 million) as of June 30,
2010.  As of the same date, BICBANCO's consolidated assets totaled
R$14.6 billion (US$8.1 billion) and equity equaled R$1.9 billion
(US$1.0 billion).


* BRAZIL: State of Tocantins to Receive US$99-MM Loan From IDB
--------------------------------------------------------------
The Brazilian state of Tocantins will improve water supply
coverage, promote agricultural development, increase the income of
farmers and generate at least 11,000 new jobs through a program
partly financed by a US$99 million loan approved by the Inter-
American Development Bank.

The program will seek to optimize the multiple uses of water
supplies in the southwestern region of Tocantins through a
combination of infrastructure investments and better regulation,
with the goal of contributing to the state's sustainable
development and enhancing its living standards.

The IDB loan is for 25 years, with a five-year grace period and a
variable interest rate based on LIBOR. The executing agency will
be the state of Tocantins through its Department of Water
Resources and Environment (SRHMA).

                            About IDB

Founded in 1959, the IDB is the world's largest and oldest
regional development bank.  In March its 48 member countries
agreed in principle to increase its capital resources to boost its
lending capacity to US$12 billion a year, nearly double its
present sustainable level.  The United States is the single
biggest shareholder, with a 30% stake in the IDB's capital.
Collectively, Latin American and Caribbean borrowing member
countries own a controlling majority of shares.

                           *     *     *

Brazil continues to carry Moody's Rating Agency's "Ba1" local and
foreign currency ratings.


==========================
C A Y M A N  I S L A N D S
==========================


ABERDEEN GLOBAL: Shareholders' Final Meeting Set for November 26
----------------------------------------------------------------
The shareholders of Aberdeen Global Interest Rate Relative Value
Fund will hold their final meeting on November 26, 2010, to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
---------------------------------------------------------------
The shareholder of Absolute Insight Plus Europe Equity Market
Neutral Limited will receive on November 30, 2010, at 10:30 a.m.,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Richard E. L. Fogerty
         c/o Tammy Fu Zolfo Cooper
         P.O. Box 1102
         Building 3 Cayman Financial Centre, 4th Floor
         Dr. Roy's Drive Grand Cayman KY1-1102
         Cayman Islands
         Telephone: (345) 946-0081
         Facsimile: (345) 946-0082


ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
---------------------------------------------------------------
The shareholder of Absolute Insight Plus International Equity
Market Neutral Limited will receive on November 30, 2010, at
11:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Richard E. L. Fogerty
         c/o Tammy Fu Zolfo Cooper
         P.O. Box 1102
         Building 3 Cayman Financial Centre, 4th Floor
         Dr. Roy's Drive Grand Cayman KY1-1102
         Cayman Islands
         Telephone: (345) 946-0081
         Facsimile: (345) 946-0082


ABSOLUTE INSIGHT: Shareholder to Hear Wind-Up Report on Nov. 30
---------------------------------------------------------------
The shareholder of Absolute Insight Plus UK Equity Market Neutral
Limited will receive on November 30, 2010, at 11:15 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Richard E. L. Fogerty
         c/o Tammy Fu Zolfo Cooper
         P.O. Box 1102
         Building 3 Cayman Financial Centre, 4th Floor
         Dr. Roy's Drive Grand Cayman KY1-1102
         Cayman Islands
         Telephone: (345) 946-0081
         Facsimile: (345) 946-0082


BROADLAWN MASTER: Shareholder to Hear Wind-Up Report on Nov. 22
---------------------------------------------------------------
The shareholder of Broadlawn Master Fund, Ltd. will receive on
November 22, 2010, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Joel Reid
         Telephone: (345) 815 1828
         Facsimile: (345) 949-9877


BT MCKINLEY: Shareholders' Final Meeting Set for November 26
------------------------------------------------------------
The shareholders of BT Mckinley Limited will hold their final
meeting on November 26, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


CAPITAL STREET: Shareholders Receive Wind-Up Report
---------------------------------------------------
The shareholders of Capital Street GP received on October 15,
2010, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


CRESCENT MASTERSKILL: Shareholder to Hear Wind-Up Report on Dec. 2
------------------------------------------------------------------
The shareholder of Crescent Masterskill Holdings Ltd. will receive
on December 2, 2010, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Linburgh Martin
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102
         Cayman Islands


DAGGERBOARD GLOBAL: Shareholder to Hear Wind-Up Report on Nov. 25
-----------------------------------------------------------------
The shareholder of Daggerboard Global Macro Fund, Ltd. will
receive on November 25, 2010, at 10:00 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Jonathan Bernstein
         Telephone: (345) 815-1897
         Facsimile: (345) 949-9877


HSBC ALPHA: Shareholder to Receive Wind-Up Report on November 29
----------------------------------------------------------------
The shareholder of HSBC Alpha Exchange (UK) Limited will receive
on November 29, 2010, at 10:30 a.m., the liquidators' report on
the company's wind-up proceedings and property disposal.

The company's liquidators are:

         David Preston
         Beverly Bernard
         c/o Isabel Mason
         Telephone: 949-7755
         Facsimile: 949-7634


INDIGO (CAYMAN): Shareholders' Final Meeting Set for November 26
----------------------------------------------------------------
The shareholders of Indigo (Cayman) Holdings Limited will hold
their final meeting on November 26, 2010, to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


INVESTCORP SILVERBACK: Shareholders' Final Meeting Set for Dec. 30
------------------------------------------------------------------
The shareholders of Investcorp Silverback Opportunistic
Convertible Fund Limited will hold their final meeting on
December 30, 2010, at 10:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Paget-Brown Trust Company Ltd.
         Evania Ebanks
         Telephone: (345) 949 5122
         Facsimile: (345) 949 7920
         Boundary Hall, Cricket Square
         PO Box 1111, Grand Cayman KY1-1102
         Cayman Islands


INVESTCORP SILVERBACK: Shareholders' Final Meeting Set for Dec. 30
------------------------------------------------------------------
The shareholders of Investcorp Silverback Opportunistic
Convertible Master Fund Limited will hold their final meeting on
December 30, 2010, at 10:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Paget-Brown Trust Company Ltd.
         Evania Ebanks
         Telephone: (345) 949 5122
         Facsimile: (345) 949 7920
         Boundary Hall, Cricket Square
         PO Box 1111, Grand Cayman KY1-1102
         Cayman Islands


LONG TERM: Shareholders' Final Meeting Set for December 6
---------------------------------------------------------
The shareholders of Long Term Limited will hold their final
meeting on December 6, 2010, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Robert E. Gibb
         Fordsar (Cayman) Limited
         Centennial Towers
         Suite 204, 2454 West Bay Road
         West Bay Box 335, Grand Cayman KY1-1301
         Cayman Islands


MUTUAL FUND: Shareholders' Final Meeting Set for December 6
-----------------------------------------------------------
The shareholders of Mutual Fund Basket Reference Fund (6-D)
Limited will hold their final meeting on December 6, 2010, at
10:30 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         Graham Robinson
         Telephone: (345) 949-7576
         Facsimile: (345) 949-8295
         P.O. Box 897, Windward 1
         Regatta Office Park Grand Cayman KY1-1103
         Cayman Islands


NORTHSTAR CBO: Shareholders' Final Meeting Set for November 26
--------------------------------------------------------------
The shareholders of Northstar CBO 1997-2 Ltd will hold their final
meeting on November 26, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


SMM COMPANY: Shareholders' Final Meeting Set for November 26
------------------------------------------------------------
The shareholders of The SMM Company will hold their final meeting
on November 26, 2010, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


TGM EQUITIES: Shareholders' Final Meeting Set for November 26
-------------------------------------------------------------
The shareholders of TGM Equities International will hold their
final meeting on November 26, 2010, at 1:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street
         George Town Grand Cayman, KY1-9002
         Cayman Islands


WISCONSIN HEALTH: Shareholders' Final Meeting Set for November 17
-----------------------------------------------------------------
The shareholders of Wisconsin Health Care Assurance Limited will
hold their final meeting on November 17, 2010, at 3:00 p.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         K.D. Blake
         c/o Robert Arthur
         Telephone: 345-815-2637
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands


WIZARD FINANCE: Shareholders' Final Meeting Set for November 26
---------------------------------------------------------------
The shareholders of Wizard Finance Limited will hold their final
meeting on November 26, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


===========
M E X I C O
===========


GRUPO POSADAS: Fitch Downgrades Issuer Default Rating to 'B'
------------------------------------------------------------
Fitch Ratings has downgraded Grupo Posadas S.A.B. de C.V. ratings:

  -- Local currency Issuer Default Rating to 'B' from 'B+';

  -- Foreign currency IDR to 'B' from 'B+';

  -- National scale rating to 'BB+(mex)' from 'BBB+(mex)';

  -- US$200 million senior notes due 2015 to 'B/RR4' from
     'B+/RR4';

  -- MXN2,250 million Certificados Bursatiles issuance Posadas08
     to 'BB+(mex)' from 'BBB+(mex)'.

The Rating Outlook is Stable.

The rating actions reflects a continued deterioration on operating
performance and financial indicators due to higher indebtedness,
extraordinary negative effects related to the sale of Nuevo Grupo
Aeronautico S.A. de C.V. and subsidiaries, which includes legacy
airline carrier Mexicana; and operating trends that has not
improved as anticipated.  These factors have resulted in the
company's inability to gradually reduce leverage.  Fitch's prior
expectations incorporated that total adjusted debt to EBITDAR
ratio should reach 4.7 times (x) by the end of 2009 and then to
start declining towards levels close to 4.0x.  This improvement
considered stable on-balance sheet debt levels and improved EBITDA
generation.

For the 12 months ended Sept.30, 2010, total adjusted debt to
EBITDAR reached 5.8x and 5.4x adjusting for non-recurring items.
The increase in leverage considering non-recurring items for the
first nine months of 2010 of 5.4x from 2009 of 4.7x is primarily
explained by higher indebtedness (70%) and to a lesser extent to
weak operating performance (30%).  Posadas weak operating results
is the consequence of softer vacation club revenues, lower REVPAR
in its coastal hotels in part due to the perception of violence in
Mexico and stabilization of urban destinations that has not been
able to compensate increased indebtedness and extraordinary
charges due to the sale of NGA.

Posadas' ratings are supported by the company's solid business
position, strong brand name and multiple hotel formats.
Conversely, the ratings are tempered by increased leverage,
exposure to currency fluctuation which can pressure liquidity and
industry cyclicality.  Posadas' presence in all major urban and
coastal locations in Mexico, consistent product offering and
quality brand image have resulted in occupancy levels that are
above the industry average in Mexico.  The use of multiple hotel
formats allows the company to target domestic and international
business travelers of different income levels as well as tourists,
diversifying its revenue base.

The company also benefits from diversification into other business
segments, which reduces some exposure to its hotel business, such
as managing of loyalty programs and call centers, however, the
latter can lose about a third of its revenues due to the NGA and
Mexicana shutdown.  Hotel revenues and operations are primarily
located in Mexico, which limits geographic diversification and
around 81% of rooms are in urban locations.  The ratings also
factor the industry's high correlation to economic cycles, which
negatively affects operating indicators in downturns.

Posadas has been able to adjust and adapt its operations during
previous economic downturns, although the combination of events in
2009 and 2010 are proving to be challenging.  The company has not
been able to turnaround operations in 2010 vis-a-vis 2009, mainly
due to weaker sales in the vacation club segment and lower REVPAR
in coastal locations.  Furthermore, the halt in operations by NGA
had some negative effects on its operations and cash flow during
the third quarter of 2010.  Operating income was affected by a
non-cash provision of MXN114 million for doubtful accounts
receivable related to NGA and a MXN49 million loan to NGA which
did not affect operating income but did affect cash flow.

At Sept. 30, 2010, on-balance sheet debt reached MXN5,734 million,
a 15% increase from year-end 2009 levels.  Approximately 83% of
the debt is dollar-denominated and the remainder was in pesos.
Short-term debt represented only 6% of total debt.  In addition to
that, the company had approximately MXN2,646 million of off-
balance sheet debt related to hotel leases.  The company's
liquidity position is manageable, with maturities of MXN369
million over the next 12 months and cash balances at Sept. 30,
2010 of MXN620 million.  Posadas' next significant maturity is on
April 2013 when MXN2,250 million in Certifcados Bursatiles are
due.  The ratings factor that Posadas should refinance this
maturity in advance.

Fitch believes Posadas' cash levels, excluding cash needed for
operations, and credit facilities allow it to cover margin calls
considering the current level of the MXN.  The company has also
used forwards to cover any potential devaluation in the short
term.  In addition to cash balances, at Sept. 30, 2009, the
company had US$23 million held as collateral related to its
derivative instruments.  A moderate depreciation of the MXN would
increase stress on liquidity and put greater pressure on financial
indicators as the company may use a committed facility to face
margin calls, however, the company's liquidity is still exposed to
larger currency fluctuations.


MEXICANA AIRLINES: Unions Get US$154 Million Offer to Save Company
------------------------------------------------------------------
Compania Mexicana de Aviacion or Mexicana Airlines may return to
the skies in December if unions and other creditors accept a
MXN1.9 billion (US$154 million) proposal to rescue the bankrupt
airline, Crayton Harrison at Bloomberg News reports.

According to Bloomberg, Humberto Trevino, deputy minister of
transportation, said that PC Capital SAPI, a Mexican private
equity firm, is offering the unions MXN975 million in cash and
would arrange a 7-year, MXN926 million loan paying monthly
interest to the workers.  The unions would get an equity stake in
exchange for the remaining MXN2.85 billion Mexicana owes them, he
added, Bloomberg says.

Mexicana would return with 28 planes, flying 17 international
routes to the U.S. and Central America and seven domestic
services, Mr. Trevino told the news agency in a phone interview.
Creditors including Grupo Financiero Banorte SAB and Mexican
development bank Banco Nacional de Comercio Exterior SNC view the
proposal favorably, as does the government, he added, according to
Bloomberg.

"The unions would be getting compensation more than double what
they would receive if Mexicana were to be liquidated," Bloomberg
quoted Mr. Trevino as saying.

PC Capital, led by managing directors Pablo Coballasi and Pablo
Cervantes, would retain 35 percent of Mexicana's pre-bankruptcy
workforce, Mr. Trevino said, Bloomberg notes.

                      About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana. Two
other units are Aerovias Caribe S.A. de C.V. (Mexicana Click) and
Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Maru E. Johansen, foreign representative of Compania Mexicana,
estimated in the Chapter 15 petition that the company has assets
of US$500 million to US$1 billion and debts of more than US$1
billion.  William C. Heuer, Esq., at Duane Morris LLP, serves as
counsel to Ms. Johansen.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings
Bankruptcy Creditors' Service, Inc., publishes Mexicana Airlines
Bankruptcy News.  The newsletter tracks the chapter 11 proceedings
and the ancillary proceedings undertaken by Compania Mexicana de
Aviacion and its units.  (http://bankrupt.com/newsstand/or
215/945-7000).


==============================
T R I N I D A D  & T O B A G O
==============================


CL FIN'L: Republic Blanks CLICO Annuity
---------------------------------------
Abby Brathwaite at Trinidad Express reports that three years ago
the executive management of Republic Bank Ltd stopped accepting
Colonial Life Insurance Company (Trinidad) Limited (CLICO)'s
Executive Flexible Premium Annuity (EFPA) financial instruments as
security for bank loans.  CLICO is a unit of CL Financial Limited.

According to Trinidad Express, Ronald Harford, chairman of
Republic Bank, said the relationship between the bank and CLICO
was "adversarial" and once the bank learned that certain branches
were accepting these policies as collateral, the practice was
stopped.

Trinidad Express relates Mr. Harford was speaking at an event
entitled "An evening with Ronald Harford" hosted by the Arthur Lok
Jack Graduate School of Business at the school's Mt. Hope campus
on Monday.

"Once we came to the knowledge that at the branch level, (bank
staff) who had certain discretion, that they were taking these
instruments as securities for the loans we picked it up and we
decided three years ago that this was not something that we wanted
to do.  This was a liability from CLICO and this was an operation
that was considerably over-extended," Trinidad Express quoted Mr.
Harford as saying.  "Our relationship with CLICO was a very simple
one, at the end of a half-year, at the end of the year, I would
leave the board meeting I would pick up the phone and ring (former
CLICO executives Andre Monteil or Lawrence Duprey) and say I'm
coming to speak to you.  I'd say 'gentlemen I want to let you know
we made so much money and this is the share of the dividend, it
will be announced in the papers tomorrow' and that was it.  We
kept very much at arm's length with each other," he added,
Trinidad Express notes.

                       About CL Financial

CL Financial Limited is a privately held conglomerate in Trinidad
and Tobago.  Founded as an insurance company, Colonial Life
Insurance Company by Cyril Duprey, it was expanded into a
diversified company by his nephew, Lawrence Duprey.  CL Financial
is now one of the largest local conglomerates in the region,
encompassing over 65 companies in 32 countries worldwide with
total assets standing at roughly US$100 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.

According to a TCRLA report on Feb. 20, 2009, citing Trinidad and
Tobago Express, Tobago President George Maxwell Richards signed
bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis.


CL FIN'L: Credit Unions Face Collapse Due to CLICO Exposure
-----------------------------------------------------------
Andre Bagoo at Trinidad and Tobago Newsday reports that half of
the credit unions with funds at Colonial Life Insurance Company
(Trinidad) Limited (CLICO) now face collapse because of their
exposure to the insurance giant, President of the Association of
Corporate Credit Union Presidents (ACCUP) Lincoln Beckles, said as
he warned that the Clico fiasco could be "disastrous" for credit
unions and the banking sector.  Clico is a unit of CL Financial
Limited.

According to the report, at a meeting with Food Production
Minister Vasant Bharath, who chairs a financial sub-committee set
up to deal with the Clico issue, Mr. Beckles said if the
government does not act in relation to credit union exposure the
sector will suffer.

"That in essence can have a disastrous effect, not only on the
credit union movement, but also on the banking system," Trinidad
and Tobago Newsday quoted Mr. Beckles as saying.

Mr. Beckles, the report notes, estimated that half of the credit
unions with funds at Clico (invested on behalf of members) now
face collapse if the State fails to follow-up on a TT$262 million
liquidity window which was announced by Finance Minister Winston
Dookeran last month.

"I think it is timely, and it is extremely important," Mr. Beckles
said of Dookeran's offer, Trinidad and Tobago Newsday relates.
"The reality of the situation is that there are credit unions that
could certainly go under if a lifeline is not extended so we
certainly appreciate that offer, and we look forward to really
hearing the mechanics of it," he added.

Mr. Beckles, Trinidad and Tobago Newsday relates, noted that the
credit union movement has 500,000 members, but noted that the
impact of the Clico situation extends far beyond this group given
its impact on consumer confidence.

Mr. Beckles noted that the credit union sector was split on the
issue of how it should approach the Government on the issue, with
one group, the Brian Moore-led Co-operative Credit Union League of
Trinidad and Tobago, adopting a more confrontational approach,
Trinidad and Tobago Newsday adds.

                        About CL Financial

CL Financial Limited is a privately held conglomerate in Trinidad
and Tobago.  Founded as an insurance company, Colonial Life
Insurance Company by Cyril Duprey, it was expanded into a
diversified company by his nephew, Lawrence Duprey.  CL Financial
is now one of the largest local conglomerates in the region,
encompassing over 65 companies in 32 countries worldwide with
total assets standing at roughly US$100 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.

According to a TCRLA report on Feb. 20, 2009, citing Trinidad and
Tobago Express, Tobago President George Maxwell Richards signed
bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis.


===============
X X X X X X X X
===============

* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Nov. 11, 2010
AMERICAN BANKRUPTCY INSTITUTE
   Detroit Consumer Bankruptcy Conference
      Hyatt Regency Dearborn, Dearborn, Mich.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29, 2010
RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
   17th Annual Distressed Investing Conference
      The Helmsley Park Lane Hotel, New York City
         Contact: 1-903-595-3800;
                  http://www.renaissanceamerican.com/

Dec. 9-11, 2010
AMERICAN BANKRUPTCY INSTITUTE
   Winter Leadership Conference
      Camelback Inn, a JW Marriott Resort & Spa,
      Scottsdale, Ariz.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2-4, 2010
AMERICAN BANKRUPTCY INSTITUTE
   22nd Annual Winter Leadership Conference
      Camelback Inn, Scottsdale, Arizona
         Contact: 1-703-739-0800; http://www.abiworld.org/

January 26-28, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   TMA Distressed Investing Conference
      Aria Las Vegas
         Contact: http://www.turnaround.org/

Jan. 27-28, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Rocky Mountain Bankruptcy Conference
      Westin Tabor Center, Denver, Colo.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Caribbean Insolvency Symposium
      Westin Casuarina Resort & Spa, Grand Cayman Island
         Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Valcon
      Four Seasons Las Vegas, Las Vegas, Nev.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Bankruptcy Battleground West
      Hyatt Regency Century Plaza, Los Angeles, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Conrad Duberstein Moot Court Competition
      Duberstein U.S. Courthouse, New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Nuts and Bolts - Florida
      Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
   SUCL/ Alexander L. Paskay Seminar on
   Bankruptcy Law and Practice
      Marriott Tampa Waterside, Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Byrne Judicial Clerkship Institute
      Pepperdine University School of Law, Malibu, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Annual Spring Meeting
      Gaylord National Resort & Convention Center,
      National Harbor, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

April 27-29, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   TMA Spring Conference
      JW Marriott, Chicago, IL
         Contact: http://www.turnaround.org/

May 5, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Nuts and Bolts - New York City
      Association of the Bar of the City of New York,
      New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   New York City Bankruptcy Conference
      Hilton New York, New York, N.Y.
         Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Canadian-American Cross-Border Insolvency Symposium
      Fairmont Royal York, Toronto, Ont.
         Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Central States Bankruptcy Workshop
      Grand Traverse Resort and Spa, Traverse City, Mich.
            Contact: http://www.abiworld.org/

July 21-24, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Northeast Bankruptcy Conference
      Hyatt Regency Newport, Newport, R.I.
         Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Southeast Bankruptcy Workshop
      The Sanctuary at Kiawah Island, Kiawah Island, S.C.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
AMERICAN BANKRUPTCY INSTITUTE
   Mid-Atlantic Bankruptcy Workshop
      Hotel Hershey, Hershey, Pa.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
AMERICAN BANKRUPTCY INSTITUTE
   NCBJ/ABI Educational Program
      Tampa Convention Center, Tampa, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
AMERICAN BANKRUPTCY INSTITUTE
   International Insolvency Symposium
      Dublin, Ireland
         Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
TURNAROUND MANAGEMENT ASSOCIATION
   Hilton San Diego Bayfront, San Diego, CA
      Contact: http://www.turnaround.org/

Dec. 1-3, 2011
AMERICAN BANKRUPTCY INSTITUTE
   23rd Annual Winter Leadership Conference
      La Quinta Resort & Spa, La Quinta, Calif.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 19-22, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Annual Spring Meeting
      Gaylord National Resort & Convention Center,
      National Harbor, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Southeast Bankruptcy Workshop
      The Ritz-Carlton Amelia Island, Amelia Island, Fla.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Mid-Atlantic Bankruptcy Workshop
      Hyatt Regency Chesapeake Bay, Cambridge, Md.
         Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
AMERICAN BANKRUPTCY INSTITUTE
   Winter Leadership Conference
      JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
         Contact: 1-703-739-0800; http://www.abiworld.org/



                            ***********

Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com


                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.



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